UK data – IHS Markit Household Finance: 43.8 in October (42.8 in September) – recovering

UK data – IHS Markit Household Finance: 43.8 in October (42.8 in September) – recovering

While this is not an immediate market-moving piece of data its all part of the puzzle!

IHS Markit Household Finance Index, launched in 2009)

  • in October to its highest since June
  • Recovering for Q3 (the weakest since 2014)
  • The survey has never exceeded 50

For October, Markit cite:

  • households' increased optimism about the economic outlook for the next year, as well as an increased willingness to spend on cars, holidays and household large goods
  • However, despite increased workplace activity and a softening in inflation expectations, households reported a fall in income for the first time since January
  • "The gap between rising spending and falling income may have been bridged with increased borrowing," the report said. "Latest data also suggested easier access to unsecured debt."

(via Reuters)
Original Article